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One of the biggest names in British construction is being prepared for a
possible return to the stock market through a flotation that could value the
business at as much as £1.5 billion.

The future of John Laing, an infrastructure investor best known for delivering
a string of PFI projects for the last Labour government, is under
consideration by its owner Henderson, the fund management and private equity
group.

It is understood advisers HSBC, Investec and Numis have been sounded out for a
potential initial public offering of the company, though City sources
believe John Laing could alternatively be sold